Toncoin surpassed 1.64 dollars, consolidation continues.

Recent Developments in Toncoin

Toncoin (TON) has shown a 1.6% increase in the last 24 hours. However, this increase occurred during a period when the overall cryptocurrency market gained approximately 3%. The trading volume in the market has decreased, falling 6.91% below the average of the past seven days, indicating a weak trend.

Investors were unable to maintain momentum above significant levels, and therefore, TON continues to trade between 1.61 and 1.69 dollars. Technical indicators suggest that it is in a phase of forming a slow bottom. However, with the Federal Reserve's announcement today, it is believed that TON's price movement may be affected. If the announcement carries a hawkish tone, gains may be limited.